Sold production of industry
In entities with 10 or more persons employed, sold production of industry in 2023 was 1.7% lower than in the previous year, which saw a 10.1% increase. A decrease in production was observed across all industry sectors: electricity, gas, steam, and air conditioning supply decreased by 4.9% (compared to a 6.4% increase in the previous year), mining and quarrying decreased by 4.5% (compared to a 12.8% increase), manufacturing decreased by 1.4% (compared to a 10.5% increase), and water supply; sewerage, waste management, and remediation activities decreased by 0.3% (compared to a 5.9% increase). A decrease in sold production was reported in 21 out of 34 industry divisions, accounting for 58.4% of the total industrial production value.

A decrease in sold production in 2023, compared to 2022, was observed in three main industrial groupings: durable consumer goods decreased by 9.9%, intermediate goods by 6.6%, and energy by 6.6%. An increase was noted in the production of capital goods by 10.1% and slightly in non-durable consumer goods by 0.6%.

Labour productivity in industry, measured by sold production per paid employee in 2023, was 1.0% lower than in the previous year, which saw an 8.6% increase.

Prices
In 2023, the prices of sold production of industry increased by 2.4% (compared to a 22.4% increase in the previous year). The highest price growth was recorded in electricity, gas, steam, and air conditioning supply, rising by 25.7% (compared to a 54.0% increase in the previous year), slightly lower in mining and quarrying, increasing by 12.8% (compared to a 26.3% increase), and in water supply; sewerage, waste management, and remediation activities, increasing by 3.8% (compared to a 5.6% increase in the previous year). A decrease in the prices of sold production of industry was recorded in manufacturing, decreasing by 1.7% (compared to an 18.8% increase in the previous year).

Employment
Average paid employment in industry (in entities with 10 or more persons employed) in 2023 amounted to 2,748.2 thousand, which was 0.7% lower than in 2022. A decrease was observed in manufacturing by 0.9% and slightly in water supply; sewerage, waste management, and remediation activities by 0.2%, while an increase was recorded in mining and quarrying by 1.5% and in electricity, gas, steam, and air conditioning supply by 1.1%.

Wages and salaries
Average monthly gross wages and salaries in industry (in entities with 10 or more persons employed) in 2023 amounted to 7,387.20 PLN, which was 11.9% higher than in the previous year. An increase in wages and salaries was recorded in all industry sectors: mining and quarrying by 16.6%, electricity, gas, steam, and air conditioning supply by 14.0%, manufacturing by 11.3%, and water supply; sewerage, waste management, and remediation activities by 10.8%.

Finance of industrial enterprises
In 2023, financial results of industrial enterprises (keeping accounting ledgers and with 50 or more persons employed) were lower compared to those obtained in the previous year.

The gross financial result in 2023 amounted to 145,428.9 million PLN, which was 22.3% lower than in the previous year. The gross financial result consisted of gross profit of 185,572.8 million PLN (a decrease of 10.3% year-on-year) and gross loss of 40,143.8 million PLN (a two-fold increase per year).

The net financial result amounted to 114,716.2 million PLN, which was 26.2% lower than in 2022. It comprised a net profit amounting to 154,062.6 million PLN, generated by 79.2% of enterprises (compared to 82.4% in the preceding year), and a net loss of 39,346.4 million PLN.

Compared to 2022, the financial result from the sale of products, goods, and materials decreased from 180,810.3 million PLN to 151,804.1 million PLN, the financial result from operating activity from 189,077.3 million PLN to 154,496.3 million PLN, the financial result from other operating activity from 8,267.0 million PLN to 2,692.3 million PLN, and the result on financial activity from minus 1,939.2 million PLN to minus 9,067.4 million PLN.

Revenues from total activity were 2.9% higher than in the previous year, and costs of obtaining these revenues from total activity increased by 4.8%. The cost level indicator deteriorated from 93.1% in the previous year to 94.8% in 2023. The following indicators decreased: gross sales profitability from 5.6% to 6.9% in the previous year, gross turnover profitability from 5.2% to 6.9%, and net turnover profitability from 4.1% to 5.7%. A lower level than in the previous year was also observed in the following indicators: first-degree financial liquidity from 33.2% to 33.4% in the previous year and third-degree financial liquidity from 144.0% to 150.4%, while a higher level was noted in the second-degree financial liquidity from 100.6% to 97.3%.

The total investment outlays of industrial enterprises (keeping accounting ledgers and with 50 or more persons employed) in 2023 amounted to 127.0 billion PLN, which was 16.8% higher than in the previous year, when an increase of 21.5% was observed.

The value of cost calculation of investments newly started in industry in 2023 totaled 47.0 billion PLN, which was lower by 25.5% than in 2022, which saw an increase of 65.6%.

Source: Statistics Poland
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